bank reserves
bank's ready money the money that a bank has available to meet the demands of its depositors
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bank's ready money the money that a bank has available to meet the demands of its depositors
In the United States the policy is more prescriptive, and specified percentages of deposits—specified by the Federal Reserve Board—must be kept by banks in a noninterest-bearing account at one of the 12 Federal Reserve Banks located throughout the country.
-term liabilities. Their job is made more difficult by regulators who, after the current banking sector turmoil, can be expected to take a very conservative view of asset values. The result will be that insurers will have to hold much higher capital reserves—and this, again, will raise the price of annuities. From
By Paul Belok
Definitions of ’bank reserves’ and meaning of ’bank reserves’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’bank reserves’ and other financial terms with our online QFINANCE Financial Dictionary.